1. The Housing Sector, Interest Rates and Unemployment Examined
... number of significant studies completed in relation to residential property prices and the influence of views and proximity to natural scenic locations. A study by Thorsnes (2002) indicated that proximity to forest areas resulted in residential lots closer to the forests achieved higher selling prices than those with a less favorable proximity. Further studies by Bond, Seiler and Seiler (2002), Bourassa, Hoesli and Sun (2003) and Yu, ... Han and Chai (2005) have also confirmed that a view provides a premium or greater value to residential property, ranging from 15% to a maximum of 89% as...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate